* The lender: Different banks and financial institutions offer varying rates.
* The type of loan: Government-backed loans (HELP, VET Student Loan) have different interest rates than private loans. Government loans have variable rates tied to the consumer price index (CPI), while private loans can have fixed or variable rates.
* Your creditworthiness: A higher credit score might get you a lower interest rate.
* The loan term: The length of the loan can influence the rate.
* The loan amount: Some lenders may offer better rates for larger loans.
To find the current average, you'd need to compare rates from multiple lenders at a specific point in time. Websites that compare loan products can be helpful, but remember their data might not reflect *every* lender and rates change frequently.
For government loans (HELP/VET Student Loan): The interest rate is not a fixed percentage and changes according to the government's indexation policy. You can find the current indexation rate on the official government website (e.g., the Australian Government's Department of Education website). This is the *rate* applied, but not a standard "interest rate" in the same way as a private loan. The amount of interest charged accumulates differently and the repayment structure is also very different from a typical loan.
For private loans: You will need to compare offers from several lenders directly.